Germany's Scholz expresses caution over extra tariffs on China

DPA
·1 min read
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German Chancellor Olaf Scholz (L) takes part in a press conference alongside Prime Minister of Sweden Ulf Kristersson (not pictured). Michael Kappeler/dpa
German Chancellor Olaf Scholz (L) takes part in a press conference alongside Prime Minister of Sweden Ulf Kristersson (not pictured). Michael Kappeler/dpa
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German Chancellor Olaf Scholz has expressed caution regarding possible punitive tariffs from the EU on Chinese electric vehicles.

US President Joe Biden on Tuesday raised the existing US special tariffs on electric cars from China to 100%.

During a visit to Stockholm on Tuesday, Scholz said there had to be a "mutual exchange" between the European Union and China.

"European manufacturers are successful on the Chinese market and also sell a large number of vehicles produced in Europe to China," he said after a meeting with Swedish Prime Minister Ulf Kristersson.

In addition, 50% of the electric cars imported from China come from Western brands that produce there, Scholz added.

The United States accuses Beijing of distorting competition through substantial state subsidies. For the same reason, the European Commission announced last year that it would examine possible punitive tariffs against China.

Scholz said the results of this review were not yet available.

German Chancellor Olaf Scholz (L) takes part in a press conference alongside Prime Minister of Sweden Ulf Kristersson. Michael Kappeler/dpa
German Chancellor Olaf Scholz (L) takes part in a press conference alongside Prime Minister of Sweden Ulf Kristersson. Michael Kappeler/dpa
German Chancellor Olaf Scholz (L) and Prime Minister of Sweden Ulf Kristersson hold a bilateral meeting. Michael Kappeler/dpa
German Chancellor Olaf Scholz (L) and Prime Minister of Sweden Ulf Kristersson hold a bilateral meeting. Michael Kappeler/dpa